China’s evolving role in global development finance – Hong Bo
As globalization gives way to fragmentation, the politics of finance and development are shifting fast. Tariffs, trade wars, and geopolitical rivalries are redrawing economic maps, while traditional sources of aid are shrinking. In this environment, low- and middle-income countries are searching for new partners and new pathways to growth—and China’s role looms large.Over the past two decades, China has financed and built roads, railways, power grids, and digital infrastructure across Africa, Asia, and Latin America. But since the pandemic, its overseas investments have evolved: fewer mega-projects, greater attention to debt risks, and a growing emphasis on clean energy, technology, and localized, value-added production.In this episode, Dan Banik speaks with Hong Bo, Professor of Financial Economics at SOAS, University of London, about the changing nature of Chinese investment and what it reveals about the future of global development finance. They discuss how sovereign risk shapes investment decisions, why small and “green” projects are replacing large ones, and how African and other developing countries can strengthen their bargaining power in negotiations. The conversation also touches on the politics of transparency, the role of private Chinese investors, and the possibilities for industrialization in a world of shrinking aid and shifting alliances.
Host:Dan Banik LinkedInX: @danbanik @GlobalDevPod Subscribe:Apple Spotify YouTubehttps://in-pursuit-of-development.simplecast.com
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Power, policy, and the future of global development – Rachel Glennerster
In this episode of In Pursuit of Development, Dan Banik sits down with Rachel Glennerster, President of the Center for Global Development (CGD), to discuss how the global development landscape is being reshaped by shifting politics, tighter budgets, and new sources of innovation and influence. From Washington to New Delhi, the narrative of development is evolving—no longer centered solely on aid, but on how countries and coalitions define and deliver progress on their own terms.Rachel shares insights from her time in government, academia, and policy research, reflecting on how development agencies can make tough choices, simplify their missions, and stay focused on impact when resources are scarce. She and Dan delve into the future of the World Bank, IMF, and USAID, the need for smarter prioritization among donors, and the vital importance of protecting evidence-based interventions that save lives and expand opportunity.The conversation also moves beyond institutions to the tools and partnerships shaping tomorrow’s development practice—from artificial intelligence and climate innovation to South–South Cooperation, where countries like India, China and Kenya are sharing solutions across continents. Rachel Glennerster on X and Linkedin
Host:Dan Banik LinkedInX: @danbanik @GlobalDevPod Subscribe:Apple Spotify YouTubehttps://in-pursuit-of-development.simplecast.com
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Democracy against the odds – Happy Kayuni
Malawi has once again gone to the polls, reaffirming its reputation as one of Africa’s most enduring democracies. In September 2025, former president Peter Mutharika returned to power after defeating Lazarus Chakwera in a peaceful transfer of power that defied global trends of democratic decline. Despite widespread poverty, inflation, and economic stagnation, Malawians continue to place their trust in the ballot box. In this episode, Dan Banik speaks with Happy Kayuni about why democracy endures in Malawi, how civic faith survives amid hardship, and what this resilience reveals about the future of democracy in developing countries.Resources:Political Transition and Inclusive Development in Malawi: The Democratic Dividend (Open access, Edited by Dan Banik and Blessings Chinsinga)Happy Kayuni on X and LinkedIn
Host:Dan Banik LinkedInX: @danbanik @GlobalDevPod Subscribe:Apple Spotify YouTubehttps://in-pursuit-of-development.simplecast.com
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The protest that changed Serbia – Nemanja Džuverović
One year after a deadly train-station collapse in Novi Sad that killed sixteen people, Serbia’s student-led protests have become a powerful challenge to corruption, impunity, and democratic decay.In this episode, Dan Banik speaks with Nemanja Džuverović, Professor of Peace Studies at the University of Belgrade, about how grief turned into the country’s largest civic movement in decades. Together they explore what the protests reveal about Serbia’s political system, the rise of “stabilocracy,” and the fragile state of democracy across the Balkans.Dan and Nemanja — colleagues in the Circle U European University Alliance’s Democracy Hub — also discuss shifting global alliances, China’s growing presence, and why young Serbians are losing faith in the European project.A story of resilience and renewal, this conversation offers rare insight into how civic courage can revive democracy from the ground up.
Host:Dan Banik LinkedInX: @danbanik @GlobalDevPod Subscribe:Apple Spotify YouTubehttps://in-pursuit-of-development.simplecast.com
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Why choosing sides is out of style – Jorge Heine
In this episode, Dan Banik speaks with Jorge Heine, a seasoned diplomat, former Minister of State, and Chile’s ambassador to China, India, and South Africa — three pivotal countries at the center of today’s shifting world order. Drawing on his extensive diplomatic experience, Heine discusses the growing influence of the Global South and the resurgence of active non-alignment as nations navigate an era defined by U.S.–China rivalry. Together they explore how countries across Asia, Africa, and Latin America are redefining their foreign policies—resisting pressure to choose sides while advancing their own development agendas. Heine, who is also the co-author (with Carlos Fortin and Carlos Ominami) of the timely new book The Non-Aligned World: Striking Out in an Era of Great Power Competition, argues that this movement signals a more confident and connected Global South, reshaping global governance, development finance, and the balance of power in the twenty-first century.Resources:The Non-Aligned World: Striking Out in an Era of Great Power Competition (Polity, 2025)Jorge Heine, Global Development Policy Center, Boston UniversityJorge Heine on X and LInkedIn
Host:Dan Banik LinkedInX: @danbanik @GlobalDevPod Subscribe:Apple Spotify YouTubehttps://in-pursuit-of-development.simplecast.com
Step into conversations that travel across continents and challenge the way you think about progress. From democracy and inequality to climate resilience and healthcare, Dan Banik explores how societies navigate the complex terrain of democracy, poverty, inequality, and sustainability. Through dialogues with scholars, leaders, and innovators, In Pursuit of Development uncovers how ideas travel, why policies succeed or fail, and what it takes to build a more just and resilient world. Expect sharp insights, candid reflections, and a global perspective that connects local struggles to universal aspirations.
Listen, reflect, and be inspired to see global development in a new light. 🎧
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